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Goldman Sachs backs Indian cable TV and broadband provider with $110m

7 May 2013

broadband wireless cableGoldman Sachs‘ Asian private equity unit has invested $110m in Indian cable distributor DEN Networks to fund its growth plans.

DEN currently serves around 11 million households in more than 150 cities in India.

The company noted that Goldman has been actively investing in cable and broadband companies including Cequel and Marcus Cable, Diamond Cable, e-Access and Kabel Deutschland.

Co-head of private equity in Asia at Goldman Sachs Ankur Sahu said, “We are delighted to partner with a very reputable and highly experienced entrepreneur at DEN Networks.

“We believe the cable industry in India is at an important inflection point and look forward to working closely with the management team to build the preeminent cable and broadband business in India.”

Goldman has made private equity investments totalling $2bn in India since 2006.

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